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Does ho3 homeowners insurance mean dwelling replacement cost?
no you need a separate endorsement - called Replacement Cost Coverage
Can you insure your dwelling for a value higher than the replacement cost?
Sure, insurance companies are delighted to sell higher priced policies, but they will only pay UP TO the value of the dwelling BEFORE the damage occured.
Will an insurance company pay out a dwelling claim if you decide not to rebuild?
Yes, but generally at Actual cash value (either market value or replacement cost minus depreciation) instead of replacement cost. However, the insurance company will generally pay to reconstruct at another location.
Does dp homeowner policy covers acv or RC?
A homeowners Dwelling Policy (DP) can be purchased with or without replacement cost valuation. It just depends on what coverage you purchased when you bought your policy.
Do you have to rebuild with replacement cost ins?
You make the decision to rebuild or not. However, per the terms of the replacement cost endorsement, if you choose not to rebuild then the company will pay you the actual cash value of the damage. If you rebuild, the company will pay replacement cost. No replacement, no replacement cost.
Would not having enough structural support under the eating area of your kitchen which is causing it to have a horrible slant be covered under home owners insurance?
Maybe. Contact your agent and ask him. Do you have 100% replacement cost on the dwelling?
What is the cost for a car window replacement?
The cost of a car window replacement will vary greatly. The cost of the replacement will depend upon the model of the vehicle, and the specific type of glass that needs to be replaced. Car window replacement can cost up to $175 or more.
Is compensation for structural damage determined by replacement cost plus depreciation?
Most (not all) dwelling coverages have an inflation protection on them now, which would rebuild the structure in a total loss, this depends on the form etc. If you policy is an 'actual cash value' settlement, then the amount is determined by the replacement cost (now) less depreciation. If you would like more assistance, please provide specifics.
What is the average replacement cost to rebuild a home in NJ?
can you tell me what the replacement cost to rebuild in nj is
What does a total shoulder replacement cost?
The average cost of shoulder replacement surgery is $10,000.
What is the cost for a wheel bearing replacement?
The cost for a wheel bearing replacement will vary based on the brand of the car. For example, a Lexus dealership quotes cost averaging about $800 for a replacement.
What is the difference between historical cost and replacement cost?
I believe historical cost is the original cost @ time of buying. Replacement cost is the price it would cost you @ present day values
